Byju's acquires Epic for 3700 crores to gain a foothold in the US

The acquisition will help Byju's expand its footprint in the US by providing access to the more than two million teachers and 50 million kids in Epic's existing global user-base. 

New Delhi: Edtech major Byju's on Wednesday said it has acquired Epic, a digital reading platform for kids, for USD 500 million (about Rs 3,729.8 crore). The company will invest an additional USD 1 billion in North America to accelerate its vision of "helping students fall in love with learning", a statement said. The acquisition will help Byju's expand its footprint in the US by providing access to the more than two million teachers and 50 million kids in Epic's existing global user-base, which has more than doubled over the last year, it added. Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles, it added. "Our partnership with Epic will enable us to create engaging and interactive reading and learning experiences for children globally.